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CIT Group Inc. (NYSE:CIT) cit.com, a leading provider of commercial lending and leasing services, today announced that CIT Corporate Finance, Healthcare provided a $29.5 million senior secured credit facility to Real Properties Health Facilities Corp. (RPHF), that will be used to consolidate existing real estate debt and for working capital purposes. RPHF operates 12 skilled

CIT Group Inc. (NYSE:CIT) , cit.com, a leading provider of commercial lending and leasing services, today announced that CIT Corporate Finance served as Administrative Agent on a $40 million senior secured asset-based revolving credit facility for TowerBrook Capital Partners L.P., a private equity firm. The financing was used to facilitate the acquisition of a majority stake

With the possibility of rising interest rates on the horizon, middle market companies that fail to engage in any type of hedging activity are potentially leaving themselves exposed to higher costs of capital in the future. However, many of these companies are comfortable taking this risk today. These are some of the observations from Neil

CIT Group Inc. (NYSE:CIT) cit.com, a leading provider of commercial lending and leasing services, today announced that CIT Real Estate Finance provided a $41 million senior secured credit facility to Menin Development, a privately held owner, developer and manager of commercial real estate in the Southeast United States. Menin Development will use the facility to

CIT Group Inc. (NYSE:CIT) cit.com, a leading provider of commercial lending and leasing services, today announced that it served as Sole Lead Arranger and Administrative Agent in a $90 million senior secured credit facility to support vXchnge Holdings’ (vXchnge) acquisition of eight datacenters. vXchnge is a portfolio company of The Stephens Group, a private equity

CIT Group Inc. (NYSE:CIT) , cit.com, a leading provider of commercial lending and leasing services, today announced that CIT Real Estate Finance provided a $57.5 million senior secured loan to a joint venture between RedSky Capital LLC, JZ Capital Partners and other investors to acquire property along the Brooklyn waterfront. The site, located in the

CIT Group Inc. (NYSE:CIT) , today reported net income of $104 million, $0.59 per diluted share, for the quarter ended March 31, 2015, compared to net income of $117 million, $0.59 per diluted share, for the first quarter of 2014. First quarter results were impacted by a higher tax provision resulting from the recognition of federal

CIT Group Inc. (NYSE:CIT) , a leading provider of commercial lending and leasing services, today announced that its Board of Directors has declared a quarterly cash dividend of $0.15 per common share on its outstanding common stock. The common stock dividend is payable on May 29, 2015 to common shareholders of record as of May 15,

Middle market healthcare executives are optimistic for 2015 with 71% indicating that they expect their revenues to increase this year and two-thirds (66%) anticipating an increase in volume growth. These are some of the findings found in an exclusive study, “2015 Middle Market Healthcare Outlook” (cit.com/healthcareoutlook), released today by CIT Group Inc. (NYSE:CIT) cit.com, a

A major challenge and opportunity for the film industry is managing the dynamic environment of changing consumer viewing habits. Another challenge is new distribution platforms within the traditional distribution framework of film, such as in the theatre, on pay TV or through home entertainment systems. As the lines are blurring, there is more competition for

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